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Millers in Nalgonda, Telangana, lowered their offers for fine paddy from an initial Rs 4,000–4,400 per quintal to about Rs 3,200–3,500 as the main harvest reached mills. Farmers protested, demanding that millers honor the earlier prices; drought and water shortages had reduced yields to around 40%.
Lower procurement bids weaken local paddy prices and may discourage farmer sales, while drought-related yield losses constrain supply. The price drop is linked to lower mill offers and government-imposed sales caps, despite earlier strong prices for fine rice.
newindianexpress.comExpress News ServiceNov 10, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
